DealBook: Prosecutors Seek to Show Gupta and Rajaratnam Were Close Friends
Source: The New York Times
New York City :: NY :: USA | updated 2012-05-24 16:29:41 -0700 | business-news
On Thursday, a prosecutor showed the jury e-mail evidence to suggest that Mr. Gupta harbored affection for Mr. Rajaratnam. Raj is one of the most outstanding hedge fund managers and a very close friend, Mr. Gupta wrote in February 2007...
Apple CEO gives up $75 million in dividend income
Source: International Business Times
New York City :: NY :: USA | updated 2012-05-24 15:51:19 -0700 | business-news
Apple Inc Chief Executive Tim Cook will not be earning dividend income on the more than 1 million shares to which he is entitled, which will cost him about $75 million...Securities and Exchange Commission on Thursday that Cook had asked...
Weekly jobless claims fall after spring spike
Source: Washington Post
Washington :: DC :: USA | updated 2012-05-24 16:54:13 -0700 | business-news
Text Size The Washington Post New government data released Thursday suggest that the job market's spring slump may be ending, although turmoil in Europe could stall the progress of the recovery. The number of people who filed new claims for...
Daily Forex Forecast 05/25/2012
Source: International Business Times
Berlin :: Germany | updated 2012-05-24 16:51:04 -0700 | business-news
Articles We expect a range today of 0.9710 0.9810 New Zealand Dollar The New Zealand dollar lost some ground early on in its local session yesterday as the nation's trade surplus increase much less than what expectations had priced in....
The Grain Report - THOUGHTS ON STOCKS
Source: International Business Times
Des Moines :: IA :: USA | updated 2012-05-24 16:21:56 -0700 | business-news
Thursday's exports sales report showed 754 t.m.t. of wheat was sold for new crop shipments after June 1 when wheats new marketing year begins. All the key_buyers were countries interested in milling wheat for human consumption and little to no...
Vietnam's new technology entrepreneurs
Source: BBC
Ho Chi Minh City :: Vietnam | updated 2012-05-24 15:57:57 -0700 | business-news
Hailed as "first next-gen box game" made in the country, Dien Bien Phu 7554 was also the first Vietnamese PC game to be built in modern 3D graphics. "Up to now, what most companies do is import foreign-made games and...
Striking Cat workers in Joliet voting on new contract
Source: Chicago Tribune
Joliet :: IL :: USA | updated 2012-05-24 15:48:54 -0700 | business-news
Workers at a Caterpillar Joliet plant on strike since May 1 are scheduled to vote on a new contract proposal Wednesday. "There has not been an agreement reached, but there is a vote Wednesday," said Timothy O'Brien, president of the...
New Ford Focus will read text messages
Source: Sydney Morning Herald
Sydney :: Australia | updated 2012-05-24 15:47:38 -0700 | business-news
High-tech system to arrive in September, but it's already been superseded. Ford Australia will introduce a sophisticated new infotainment system, Ford Sync, in an updated version of its Focus small car due to arrive here around September...Cars shipped to Australia...
Another recall for Ferrari
Source: Sydney Morning Herald
Sydney :: Australia | updated 2012-05-24 15:47:38 -0700 | business-news
Italian supercar brand issues recall over faulty crankshafts which could cause engine to seize. It seems the only thing faster than a Ferrari is the Italian supercar brand's recall process in Australia. The maker recently recalled its 458 Italia and...
Air France to Streamline Operations and Reduce Staff
Source: International Herald Tribune
Marseille :: France | updated 2012-05-24 13:59:41 -0700 | business-news
At the same time, as it plans to overhaul its unprofitable French operations, the company said it would attempt to beef up its Transavia low-cost airline and add new routes to its long-distance network. Services that are losing money and...
Asia Stocks to Watch: Tokyo Stock Exchange plans to woo global investors
Source: MarketWatch
Tōkyō :: Japan | updated 2012-05-24 17:15:36 -0700 | business-news
The Tokyo Stock Exchange plans to tout the attractiveness of Japanese companies to overseas investors as part of efforts to increase its trading volumes, Managing Director Hironaga Miyama said in an interview. Miyama said prices for Japan's stocks were formed...
'All Taste, No Nourishment', Euro Leaders Dinner Fails to Inspire
Source: International Business Times
Sydney :: Australia | updated 2012-05-24 17:12:05 -0700 | business-news
Despite solid gains from European indices and mild support for U.S stocks, the overall theme of negativity continued to hold risk assets at bay overnight with intermittent periods of strength quickly overcome, with European drama's remaining the key directive.
World Bank: Slowing Chinese Economy Drags Down East Asia
Source: International Business Times
Shanghai :: China | updated 2012-05-24 17:12:05 -0700 | business-news
Share This Story In its biannual East Asia and Pacific economic update, the World Bank noted that developing East Asia grew 8.2 percent in 2011, a decline from the nearly 10 percent growth recorded in 2010. Attributing the decline to...
Japan: Still the World's Top Creditor Nation for 21 Years
Source: International Business Times
Tōkyō :: Japan | updated 2012-05-24 17:11:28 -0700 | business-news
Share This Story The data may help ease worries in Japan that China might soon surpass it as the world's largest creditor nation, further eclipsing Tokyo's presence in the global economy. In 2010, Japan ceded its spot as the world's...
Summer restaurant hiring expected to jump in Texas, nation
Source: The Dallas Morning News
Dallas :: TX :: USA | updated 2012-05-24 17:02:27 -0700 | business-news
Restaurateurs in Texas are expected to take on 24,600 new hires this summer, four times the 2009 hiring pace, as the industry rebounds from its recessionary scorching. Nationwide, restaurants are expected to add 450,000 jobs during the busy summer season,...
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